CALCULATOR PRINTER VERSION BACK NI Exercise 6-13 Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. The company reports inventory and cost of goods sold using the LIFO method. Suppose it reported the following information in its 2017 annual report 2016 2,769 (in millions) Inventories Current assets Current liabilities LIFO reserve Cost of goods sold 2017 $2,361 28,841 12,185 1,349 15,380 Compute Deere & Company's inventory turnover for 2017. (Round Inventory turnover to 2 decimal places, c.9. 5.12.) Inventory turnover LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute Deere & Company's days in inventory for 2017. (Round days in inventory to decimal places, e.g. 5.) Days in Inventory days LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute Deere & Company's current ratio using the 2017 data as presented, and then again after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g. 5.12:1.) Based on data presented: Current ratio :1 After adjusting for LIFO reserve: Current ratio